$52.26
GM Stock Factors
This week, GM stock value continued its impressive upward momentum after last week’s 16-percent increase, hitting a high of $56.97 on Thursday, a record for the “new GM,” before backtracking on Friday to close out at $55.40 per share.
Much of the upward momentum is attributed to the automaker’s latest all-electric vehicle efforts, debuts, and strategy, which includes an in-depth presentation released during the Consumer Electronics Show (CES) tech conference. Highlights from the presentation include the launch of BrightDrop, a new business venture aimed at providing last-mile electric delivery solutions, software, and services to delivery and logistics companies.
COVID-19 Update: Michigan Organizations Receive U.S. Labor Department Grants, State Launches $1.5M Ad Campaign to Inform Citizens About COVID-19 Vaccine, and More
Here is a roundup of the latest news concerning the COVID-19 pandemic in addition to announcements from local, state, and federal governments, as well as international channels. To share a business or nonprofit story, please send us a message.
Courtesy of Bridge, as of Jan. 19
Here is a roundup of the latest news concerning the COVID-19 pandemic in addition to announcements from local, state, and federal governments, as well as international channels. To share a business or nonprofit story, please send us a message.
MDOT grant to create 2,200 new jobs in Detroit for road improvements near Hamtramck border
MDOT awards state transportation economic development grant
Published:
Tags:
DETROIT – The
Michigan Department of Transportation has awarded a grant that will create 2,200 new jobs in Detroit as part of a plan to
MDOT’s state transportation economic development grant will help fund infrastructure improvements around General Motors’
“This is good news for our families, our businesses, and our economy as a whole,” Michigan
Gov. Gretchen Whitmer said. “Every Michigander deserves to drive on our roads safely, without blowing a tire or cracking a windshield, and this partnership with GM will help us reach that goal while creating good jobs for Michigan workers.”
A $6 million state grant will help pay to fix the bad roads and other infrastructure near General Motors Factory ZERO in Detroit and Hamtramck.
The money will also support 2,200 new jobs. Construction is scheduled to run from April to November 2022, a state spokesman said.
The Michigan Department of Transportation awarded the grant Tuesday. The total cost for the project is $11.7 million. The City of Detroit will provide $5.7 million in matching funds.
GM has long been worried the bad roads surrounding Factory ZERO formerly known as Detroit-Hamtramck Assembly could hamper its manufacturing processes, including possibly receiving damaged parts and damage to delivery trucks.
GM CEO Barra Keynoting CES 2021 With Look at Electric Chevrolet Pickup
CEO to offer look at more electric Cadillacs.
GM CEO Mary Barra will offer the keynote for CES 2021, showing several future electric products, including a Chevy pickup and some Cadillac models.
With most of the major auto shows wiped out due to the pandemic during the past year, it looks like General Motors plans to get back into the circuit with CEO Mary Barra delivering the keynote at for the now-virtual Consumer Electronics Show next month.
Barra, who will be joined by GM President Mark Reuss during the address, will talk about the company’s electrification efforts and how those – in concert with other automakers’ plans – can benefit the greater good, according to Bloomberg News. CES 201 begins Jan. 12 at noon EST.